[PPT] - Q3 2015 IR Presentation | October 29, 2015 | | Page 1 Agenda 1 PowerPoint Presentation

SLIDE 1

| Page 1 | October 29, 2015 |

October 29, 2015

Q3 2015

IR Presentation

SLIDE 2

Agenda

4 1

Q3 2015 – At a Glance

2

Q3/9M 2015 – Financial Performance Review Summary & Outlook Broadcasting German-speaking Digital & Adjacent Content Production & Global Sales Q3 2015 – Operational Performance

3

3.1 3.3 3.2

SLIDE 3

| Page 3 | October 29, 2015 |

October 29, 2015 Thomas Ebeling Chief Executive Officer

Q3 2015

At a Glance

SLIDE 4

Key financials – Q3 2015

Continuing operations

1 2 3 4

Q3 2015 – At a Glance

[Q3 2015 vs. Q3 2014, in EURm]

Revenues Recurring EBITDA Underlying net income

✔ ✔ ✔

747.1 177.8 78.3

+17.2% +9.1% +4.8%

SLIDE 5

Continued dynamic growth across all three business segments

Continuing operations

1 2 3 4

Q3 2015 – At a Glance

Content Production & Global Sales +EUR 32.9m

Revenue growth

vs. Q3 2014

Broadcasting German-speaking

Distribution TV advertising

+5.2% +7.5% +EUR 27.5m +6.3% Digital & Adjacent

Ventures & Commerce Digital Entertainment Adjacent

+40.4% +26.2%

4.9%

+EUR 49.2m +31.0% +79.9%

SLIDE 6

Major operational highlights

1 2 3 4

Q3 2015 – At a Glance

Sports ecosystem initiated with 90MIN and Eversports

✔

Powerful US additions to Red Arrow’s digital and non-scripted portfolio

✔

ProSiebenSat.1 with positive TV ad performance in Q3 2015

✔

Leading Nordic online travel agency Etraveli acquired

✔

Best 9M TV ratings performance in the last ten years

✔

SLIDE 7

Degree of achievement of new 2018 targets

Continuing operations

2012-18 revenue growth target, degree of achievement

[achievement based on 9M 2015, in EUR m]

209 392 183 784

Broadcasting German-speaking Digital & Adjacent

1,200 375

Content Production & Global Sales

1,850 67%

Achievement by 9M 2015 Current CMD 2018 target

33% 56% 42%

X% Target achievement in %

275

1 2 3 4

Q3 2015 – At a Glance

46%

Linear extrapolation

f new 2018 target

SLIDE 8

We confirm our 2015 segment revenue growth assumptions…

Continuing operations

1 2 3 4

Q3 2015 – At a Glance

Digital & Adjacent Content Production & Global Sales

1 2 3

Broadcasting German-speaking

Revenues vs. FY 2014

Low to mid single- digit growth double-digit growth low double- digit growth

SLIDE 9

… and raise our positive full-year guidance

Continuing operations

1 2 3 4

Q3 2015 – At a Glance

Recurring EBITDA and underlying net income above prior year

✔

Ad performance at least in line with positive net TV ad market

✔

Digital & Adjacent with double-digit revenue growth

✔

Low double-digit Group revenue growth

✔

SLIDE 10

| Page 10 | October 29, 2015 |

October 29, 2015

Dr. Gunnar Wiedenfels

Chief Financial Officer

Q3/9M 2015

Financial Performance Review

SLIDE 11

Q3 2015: continued high single-digit recurring EBITDA increase

Continuing operations

1 2 3 4

Q3/9M 2015 – Financial Performance Review

200 400 600 800 100 200 300

177.8 162.9 +17.2% Q3 2015 637.5 747.1 Q3 2014

Consolidated revenues [in EUR m] Recurring EBITDA [in EUR m]

Q3 2015 Q3 2014 Recurring EBITDA margin: 23.8% (-1.8%pts) +9.1%

SLIDE 12

9M 2015: strong revenue and recurring EBITDA improvement

Continuing operations

500 1,000 1,500 2,000 2,500 200 400 600 800

568.1 522.2 +13.8% 9M 2015 1,909.7 2,174.2 9M 2014

Consolidated revenues [in EUR m] Recurring EBITDA [in EUR m]

9M 2015 9M 2014 Recurring EBITDA margin: 26.1% (-1.2%pts) +8.8%

1 2 3 4

Q3/9M 2015 – Financial Performance Review

SLIDE 13

Q3 2015: key revenue growth drivers of ProSiebenSat.1

Continuing operations

Broadcasting German-speaking Key Group revenue growth drivers vs. PY [Q3 2015 external revenues, growth rates in %] Digital & Adjacent Content Production & Global Sales TV advertising EUR 423.2m, +5.2% Ventures & Commerce EUR 125.2m, +40.4% Red Arrow EUR 74.1m, +79.9% Distribution EUR 26.1m, +7.5% Digital Entertainment EUR 67.3m, +26.2% Adjacent EUR 15.4m, -4.9% EUR 465.1m, +6.3% EUR 207.9m, +31.0% EUR 74.1m, +79.9%

1 2 3 4

Q3/9M 2015 – Financial Performance Review

SLIDE 14

9M 2015: Group revenue growth driven by all key assets

Continuing operations

Broadcasting German-speaking Key Group revenue growth drivers vs. PY [9M 2015 external revenues, growth rates in %] Digital & Adjacent Content Production & Global Sales TV advertising EUR 1,352.4m, +3.9% Ventures & Commerce EUR 293.0m, +38.5% Red Arrow EUR 174.1m, +77.9% Distribution EUR 80.3m, +21.0% Digital Entertainment EUR 185.6m, +20.9% Adjacent EUR 51.0m, +4.5% EUR 1,470.5m, +5.2% EUR 529.6m, +28.0% EUR 174.1m, +77.9%

1 2 3 4

Q3/9M 2015 – Financial Performance Review

SLIDE 15

Q3 2015: positive revaluation of financial assets supporting financial result but adjusted in underlying net income

Continuing operations

50
25

25

1.5
22.9
93.7%

Financial result [in EUR m]

Q3 2015 Q3 2014

25 50 75 100

+4.8% Q3 2015 78.3 Q3 2014 74.7

Underlying net income [in EUR m]

1 2 3 4

Q3/9M 2015 – Financial Performance Review

SLIDE 16

9M 2015: improved operational and financial result drive double-digit underlying net income growth

Continuing operations

150
100
50

50

49.7
105.3
52.8%

Financial result [in EUR m]

9M 2015 9M 2014

100 200 300

+11.7% 9M 2015 266.4 9M 2014 238.5

Underlying net income [in EUR m]

1 2 3 4

Q3/9M 2015 – Financial Performance Review

SLIDE 17

Broadcasting German-speaking: mid-single digit segment revenue and recurring EBITDA growth

Continuing operations

External revenues and recurring EBITDA [in EUR m] Q3 2015 Q3 2014 y-o-y 9M 2015 9M 2014 y-o-y Comments

Ext. revenues

465.1 437.6 +6.3% 1,470.5 1,398.0 +5.2% TV ad revenue growth driven by solid macro-economic environment, improving monetization

f

small TV channels and currency benefits; seasonally lower non-HD distribution revenues TV advertising 423.2 402.4 +5.2% 1,352.4 1,301.3 +3.9% Distribution 26.1 24.3 +7.5% 80.3 66.4 +21.0%

Rec. EBITDA

137.1 129.0 +6.3% 459.9 437.2 +5.2% Maintained recurring EBITDA margin despite investments in TV program and sales force

1 2 3 4

Q3/9M 2015 – Financial Performance Review

SLIDE 18

Digital & Adjacent: dynamic revenue and recurring EBITDA growth both in Q3 and first nine months

Continuing operations

External revenues and recurring EBITDA [in EURm] Q3 2015 Q3 2014 y-o-y 9M 2015 9M 2014 y-o-y Comments

Ext. revenues

207.9 158.7 +31.0% 529.6 413.9 +28.0% Continued strong

rganic

revenue growth in Ventures & Commerce as well as Digital Entertainment; consolidation effects

f

EUR 50m (9M 2015) and EUR 20m (Q3) in terms of revenues Ventures & Com. 125.2 89.2 +40.4% 293.0 211.5 +38.5% Digital Entert. 67.3 53.4 +26.2% 185.6 153.5 +20.9% Adjacent 15.4 16.2

4.9%

51.0 48.8 +4.5%

Rec. EBITDA

37.7 32.3 +16.7% 102.0 86.9 +17.4%

Rec. EBITDA increase purely
rganic, overall acquisitions

not contributing profits yet

1 2 3 4

Q3/9M 2015 – Financial Performance Review

SLIDE 19

Content Production & Global Sales: significantly improved profitability in first nine months

Continuing operations

External revenues and recurring EBITDA [in EURm] Q3 2015 Q3 2014 y-o-y 9M 2015 9M 2014 y-o-y Comments

Ext. revenues

74.1 41.2 +79.9% 174.1 97.8 +77.9% Dynamic revenue growth of subsidiaries in United States, UK and Israel driven by increasing market demand and key KPIs such as number

f returning shows

Total revenues 92.3 47.7 +93.8% 216.0 123.4 +75.1%

Rec. EBITDA

5.3 2.2 >+100% 10.1 1.0 >+100% Further improvement

f

segment profitability due to positive operating leverage

1 2 3 4

Q3/9M 2015 – Financial Performance Review

SLIDE 20

Q3/9M 2015: Group P&L – improvement of all key metrics

Continuing operations. 1) Result for the period attributable to shareholders of P7S1 Media SE

[in EUR m] Q3 2015 Q3 2014 y-o-y 9M 2015 9M 2014 y-o-y Revenues 747.1 637.5 +17.2% 2,174.2 1,909.7 +13.8% Recurring EBITDA 177.8 162.9 +9.1% 568.1 522.2 +8.8% Non-recurring items

11.4
6.0

+89.4%

30.3
20.7

+46.3% EBITDA 166.4 156.9 +6.0% 537.8 501.5 +7.2% Depreciation and amortization

35.0
31.5

+11.0%

96.5
88.8

+8.7% Operating result (EBIT) 131.4 125.4 +4.8% 441.3 412.7 +6.9% Financial result

1.5
22.9
93.7%
49.7
105.3
52.8%

Thereof interest result

22.7
22.2

+2.7%

63.1
75.3
16.1%

Earnings before tax (EBT) 130.0 102.5 +26.8% 391.6 307.4 +27.4% Net income1) 73.1 67.3 +8.6% 252.1 205.7 +22.6% Underlying net income 78.3 74.7 +4.8% 266.4 238.5 +11.7%

1 2 3 4

Q3/9M 2015 – Financial Performance Review

SLIDE 21

1,7951 342 319 503 1,953 500 1,000 1,500 2,000 2,500 9/30/2014 2014 dividend payment M&A spend (LTM) FCF before M&A (LTM) 9/30/2015

Stable financial leverage due to strong cash generation and recurring EBITDA increase in the past 12 months

Financial leverage: Net debt/LTM recurring EBITDA (LTM recurring EBITDA of EUR 893.2m (previous year: EUR 824.4m) for continuing operations). 1) After reclassification of cash and cash equivalents of Eastern European operations

Net debt [in EURm] Net debt development supported by strong FCF generation before M&A of ~EUR 500m

Net financial debt

1 2 3 4

Q3/9M 2015 – Financial Performance Review

Financial leverage

2.2x 2.2x

SLIDE 22

Significant debt capacity secured at attractive terms to finance growth priorities within leverage target range

1) Interest expenses from borrowings including finance leases and related financial charges

Debt structure/maturities [in EUR m]

700

April 2020 April 2020

1,400

April 2021

Term

Loan

(undrawn)

RCF Notes 600 600 New Term

Loan April 2020

Overall term debt incl. existing notes now EUR 2.7bn - sufficient funding to implement our mid-term growth plan EUR 600m RCF to cater for working capital and seasonal needs – undrawn at YE 2015 Debt maturities only in 2020/21 – to be extended at appropriate point in time Current attractive funding terms leading to ~EUR 85m p.a. financing costs1) in 2016-18 New EUR 700m term loan (bullet) closed in mid October 2015

1 2 3 4

Q3/9M 2015 – Financial Performance Review

SLIDE 23

Updated financial targets for 2015

Continuing operations 1) previously “high single-digit”

Financial leverage

1.5x – 2.5x

Recurring EBITDA

above prior year

Underlying net income

above prior year

Group revenue growth

low double-digit1)

1 2 3 4

Q3/9M 2015 – Financial Performance Review

SLIDE 24

| Page 24 | October 29, 2015 |

October 29, 2015 Thomas Ebeling Chief Executive Officer

Broadcasting German-speaking

TV Performance

SLIDE 25

Strong ratings growth across German-speaking markets

Basis for GER: All German TV households (Germany + EU), A 14-49 years; Mon-Sun, full day 3-3h. Source: AGF in cooperation with GfK / TV Scope / ProSiebenSat.1 TV Deutschland. Basis for CH: D-CH; A 15-49; Mon-Sun, full day. Source: Mediapulse TV-Panel. Basis for A: A 12-49; Mon-Sun, full day 3-3h, P7 MAXX Austria and S1 Gold Austria (both from Jul 15, 2014, onward). Source: AGTT / GfK: Fernsehforschung / Evogenius Reporting.

Q3 2014 Germany 29.3% Austria 22.1% Switzerland 17.7% Q3 2015 30.1% 23.5% 17.9%

Audience share (A14-49)

[in %] 1 2 3 4

Broadcasting German-speaking / TV Performance

SLIDE 26

Audience share (A14-49)

[9M, in %]

Best 9 months ratings performance in the last ten years…

28.3 27.9 27.9 28.6 28.6 28.6 27.7 27.6 28.4

29.5

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

| Page 26 Basis: All German TV households (Germany + EU), A 14-49 years, Mon-Sun, full day 3-3h; P7S1 w/o N24 & w/o 9live, sixx since Feb. 1, 2011, SAT.1 Gold since Jan. 17, 2013, ProSieben MAXX since Sept. 3, 2013. Source: AGF in cooperation with GfK/TV Scope/P7S1 TV Deutschland.

1 2 3 4

Broadcasting German-speaking / TV Performance

SLIDE 27

…with increasing lead over key competitor…

Basis: All German TV households (Germany + EU), A 14-49 years, Mon-Sun, full day 3-3h, SAT.1 Gold since Jan. 17, 2013, ProSieben MAXX since Sept. 3, 2013; RTL Mediengruppe w/o RTL II. Source: AGF in cooperation with GfK/TV Scope/P7S1 TV Deutschland.

1 2 3 4

Broadcasting German-speaking / TV Performance

Audience share Audience share Delta.

29.5 27.6 28.4 2013 2014 2015 24.5 26.4 24.6 2013 2014 2015 +1.9%pts

1.9%pts

Δ 1.2 Δ 3.8 2013 2014 2015 Δ 5.0%pts

[9M, in %] [9M, in %] [9M, in %]

vs.

SLIDE 28

…and continued strong growth of small channels

All figures: Q3 2015 vs. Q3 2014. Basis: All German TV households (Germany + EU), A 14-49 years; Mon-Sun, full day 3- 3h. Source: AGF in cooperation with GfK/TV Scope/P7S1 TV Deutschland.

1.6%

+0.2%pts

1.5%

+0.8%pts

1.2%

+0.1%pts Audience share (A14-49)

[Q3 2015 vs. Q3 2014, in %] 1 2 3 4

Broadcasting German-speaking / TV Performance

SLIDE 29

Official launch on October 8, 2015

New Swiss channel PULS 8 successfully launched

1) A 20-49 purchase decision makers. Basis: October 8 to October 14, 2015 (first week after launch), D-CH, A 15-49 / A 20-49 purchase decision makers, full day 2-2h. Source: Mediapulse TV-Panel.

1 2 3 4

Broadcasting German-speaking / TV Performance

Complementing our existing channel portfolio with good ad market demand in key target group1) Leveraging Swiss rights for high quality US license & German fiction content Distribution in 2.7m Swiss households through key players UPC, Swisscom, Swissdigital, etc.

Ø 0.9% Ø 1.2%

SoV in A15-49 SoV in key target group1)

Great first week… …to be continued!

SLIDE 30

New Disney volume deal fortifies access to top license supply…

Examples

Multi-year volume deals with 6 out of 8 US major studios with key TV program secured well beyond 2019

1 2 3 4

Broadcasting German-speaking / TV Performance

Features Series

NEW

(sitcoms)

SLIDE 31

…particularly strengthening prime time & female content line-up

Feature films Series

Upcoming highlights

(excerpt)

Strategic rationale

Strengthen prime time Expand (female) series line-up

Examples

Efficient content through multi-channel / -slot usage and high repeatability

First programs available in 2016

1 2 3 4

Broadcasting German-speaking / TV Performance

SLIDE 32

4 out of top 5 new US series on P7S1 channels soon

1) Started in season 2015/2016 (as of October 20); performance = avg. ratings of all aired episodes, rating volatility & performance on slot compared to predecessors

Quantico Blindspot Rosewood Limitless Top 4 best performing new US series1) exclusively secured for P7S1 channels

1 2 3 4

Broadcasting German-speaking / TV Performance

SLIDE 33

World class sports events on our channels & platforms

Basis: All German TV households (Germany + EU), A 14-49 years; Mon-Sun, full day 3-3h. Source: AGF in cooperation with GfK/TV Scope/P7S1 TV Deutschland.

Exclusive rights secured – leverage through orchestration of TV & digital platforms

World class boxing (Sturm, Sauerland, SES) Globally most- watched annual sports event Live coverage of >40 NFL games per season WWE Smackdown & Main Event FED & Davis Cup events

SAT.1 O

Boxing NFL season

(new since Q3 2015!)

Tennis NFL final Wrestling

up to

45.2%

up to

16.3%

up to

8.3%

up to

4.3%

up to

2.5%

Audience share since January 1, 2015

1 2 3 4

Broadcasting German-speaking / TV Performance

23 live events p.a. and >200h Pay TV content

UFC NEW &

SLIDE 34

| Page 34 | October 29, 2015 |

October 29, 2015 Thomas Ebeling Chief Executive Officer

Broadcasting German-speaking

Ad Market Performance

SLIDE 35

Positive development 9M 2015

1) Source: Nielsen; gross figures excluding YouTube and Facebook.

1 2 3 4

Broadcasting German-speaking / Ad Market Performance

Continued increase of TV share in media mix1)

✔

Continued positive net pricing development

✔

German-speaking TV advertising revenue growth of 3.9% y-o-y with Q3 accelerated growth of 5.2% y-o-y

✔

P7S1 gained advertising share in Q3. This trend is expected to continue in Q4

✔

9M German net TV ad market growth in line with full year expectation

f 2-3%

✔

SLIDE 36

1 2 3 4

Broadcasting German-speaking / Ad Market Performance

Switzerland Austria Germany

ProSiebenSat.1 gross TV advertising market share [in %]

Advertising share gains in all German-speaking markets Q3 2014 Q3 2015 24.4% 43.8% 36.7% 28.1% 45.5% 37.5%

SLIDE 37

TV continues to benefit at the expense of other media

Q3: Jul-Sep | Source: Nielsen Media Research. Online exclusive search, affiliate and others not reporting their bookings to Nielsen (e.g. Youtube, Facebook).

1 2 3 4

Broadcasting German-speaking / Ad Market Performance

Gross ad spendings, Germany [Q3 2015 vs. Q3 2014; in % and %pts] Outdoor, Cinema Magazines Newspaper Radio TV Total Online

1.0%pts
0.7%pts
0.2%pts

+1.9%pts 100.0% 45.9% 11.8% 6.0% 16.5% 13.0% 6.8% Share of segment Change in media mix +0.0%pts +0.0%pts

SLIDE 38

9 out of 10 biggest industries increased TV budgets

Q3: Jul-Sep | Source: Nielsen Media Research (excl. Media & Publishing and Other Advertising).

1 2 3 4

Broadcasting German-speaking / Ad Market Performance

422 366 366 302 281 186 160 136 127 117 3.030 13.9% 12.1% 12.1% 10.0% 9.3% 6.1% 5.3% 4.5% 4.2% 3.9% +5.8% +4.3% +6.2% +25.9% +26.4% +11.3% +8.3% +9.8% +2.5%

6.8%
1.0%pts

+2.7%pts +0.6%pts +1.9%pts +9.5%pts +2.9%pts +0.7%pts +6.6%pts

2.9%pts
1.2%pts

100.0% +10.1% +1.9%pts

Gross TV ad spendings of top 10 TV industries, Germany [Q3 2015 vs. Q3 2014; in EURm, % and %pts]

in EURm Share Δ Δ TV in media mix 279 23 15 21 62 59 19 12 12 3

9

Detergents Pharmacy Finance Beverages Cosmetics & Toiletries Business Services Motor Vehicles Telecommunication Trade & Shipment Food in EURm Total

SLIDE 39

Continued CPT increases

CPT = Cost Per Thousand. Adults 14-49, Mon-Sun, full day 3-3 h, 01.01.-30.09.2015 Base: all TV households in Germany (D+EU) / Source: AGF in cooperation with GfK / TV Scope / SevenOne Media / Pricing & Media Strategy.

1 2 3 4

Broadcasting German-speaking / Ad Market Performance

8.2 8.1 13.2 8.9 13.8

Gross CPT growth [9M 2015 vs. 9M 2014; in %]

SLIDE 40

Strong net CPT development since 2009

Basis: All TV-HH (D+EU), TA 1-30; SevenOne Media: SAT.1, ProSieben, kabel eins; IP: RTL, VOX. Source: AGF/GfK, TV Scope, SevenOne Media, Pricing & Media Strategy, own calculations.

1 2 3 4

Broadcasting German-speaking / Ad Market Performance

Net CPT development [Index: 2007=100]

80 90 100 110 120 130

2007 2008 2009 2010 2011 2012 2013 2014 2015E

Market

SLIDE 41

Advertising share gain in Q3 2015

1 2 3 4

Broadcasting German-speaking / Ad Market Performance

Q1 2014 Q2 2014

ProSiebenSat.1 estimated net TV ad share vs. IP Germany, 2014 [deviation vs. average share in 2014]

Q3 2014 Q4 2014

Ø Estimated Q4 TV ad share development supports full-year

utlook

Q1 2015 Q2 2015

[deviation 2015 vs. 2014]

Q3 2015 Q4 2015E

∆ vs. PY

SLIDE 42

Innovation leader in Addressable TV

Switch-in Spot overlay

1 2 3 4

Broadcasting German-speaking / Ad Market Performance

SLIDE 43

Our products enrich TV with online functionality

1) Frequency capping channel-based

SwitchIn (on program) Regio Insert (on Spot)

  

states, large cities, small towns etc. age, gender individual, fixed maximum per hour

GEO-TARGETING TARGET GROUP SELECTION FREQUENCY CAPPING1)

  

states, large cities, ZIP codes etc. via TV media planning contact regulation via TV media planning

USE CASE

Microsite offered to viewer when switching to P7S1 channel (Microsite clickable by Red Button) Automatic layover over national TV spot – for additional regional data shown per target region

1 2 3 4

Broadcasting German-speaking / Ad Market Performance

SLIDE 44

Switch-In product features – example of latest XXL format

1) At 1% click rate and an average length of stay of 90 seconds on microsite

1 2 3 4

Broadcasting German-speaking / Ad Market Performance

996 x 560 px Viewable for about 10 sec. when switching to channel Within program (in-house productions) TV screen will be scaled > no TV overlay Fully animated (device-dependent) Clickable | Geo-Targeting | Frequency Capping

Call to Action via RedButton
Labeled as display ad
Indication for data privacy protection
Product has no measurable negative impact
n TV reach1)

SLIDE 45

Regio inserts for regional TV spots within national campaigns

Source: SevenOne Media New Media Research, April 2015 Microsite Tracking: Teveo interactive

1 2 3 4

Broadcasting German-speaking / Ad Market Performance

Positive Image-Shift through Addressable TV campaign High length of stay Ø 1:32 min on Regio-Microsite Microsite usage increases willingness to buy up to 115%

Microsite (regionalized) Regio Insert (on TV Spot)

SLIDE 46

Solid single-digit net TV ad market growth forecast

Source: Warc International Ad Forecast July 2015, ZenithOptimedia Advertising Expenditure Forecasts September 2015, Magna Global Forecast June 2015, ProSiebenSat.1 estimate.

1 2 3 4

Broadcasting German-speaking / Ad Market Performance

+2-3%

German net TV ad market estimates 2015

+2.7% +3.4%

P7S1 internal market estimate

+3.4%

SLIDE 47

Sales outlook 2015

1 2 3 4

Broadcasting German-speaking / Ad Market Performance

3 1 2 4

German net TV advertising market growth of 2-3% P7S1 to grow above market Net CPTs to further increase due to increased value of reach Continued increase of TV share in media mix

SLIDE 48

| Page 48 | October 29, 2015 |

October 29, 2015

Broadcasting German-speaking

Distribution

Conrad Albert Chief Legal, Distribution & Regulatory Affairs Officer

SLIDE 49

Continued growth of Q3 revenues and HD subscribers

Note: HD Free-to-air subscribers shown; paying subscriber figures as reported by platform partners (EoP; subject to subsequent adjustments by platform partners); total of 6.0m

P7S1 distribution revenue growth P7S1 HD subscriber growth

EUR +1.8m

+7.5%

+0.9m

+18%

1 2 3 4

Broadcasting German-speaking / Distribution

SLIDE 50

Exclusive Maxdome hard-bundling expanded to telecolumbus

1) Homes connected published by telecolumbus Q2/2015

Key distribution deal signed with telecolumbus Exclusive full tariff integration of SVoD offering Available via new set-top-box and

nline app

1 2 3 4

Broadcasting German-speaking / Distribution

~1.7m

Addressable Households1)

Launch 2016

SLIDE 51

FTA catch-up and Pay TV on Zattoo increase mobile reach

1) EUR 1.59 for 1 day; EUR 9.99 for 1 month; EUR 27.99 for 3 months; EUR 99.99 for 12 months; 2) Source: Zattoo publications

Strong customer proposition – FTA linear complemented by catch-up for all Zattoo HiQ1) Pay TV channels first time accessible via mobile aggregator

1 2 3 4

Broadcasting German-speaking / Distribution

0.7m

monthly users2)

Launch 11/2015

SLIDE 52

| Page 52 | October 29, 2015 |

October 29, 2015

Dr. Christian Wegner

Chief Digital & Adjacent Officer

Digital & Adjacent

SLIDE 53

We delivered double-digit growth in revenues and rec. EBITDA …

1) Entity rec. EBITDA / Ext. revenues.

Ext. revenues
Rec. EBITDA

[in EURm] [in EURm] 50 100 150 200

Q3 2015

207.9

Q3 2014

158.7

10 20 30 40

Q3 2014

32.2

Q3 2015

37.7

~18%

EBITDA margin1)

+31% +17%

1 2 3 4

Digital & Adjacent

SLIDE 54

… driven by strong performance of Commerce and Entertainment

Revenues [Q3 2015] Revenue growth [Q3 2015 vs. Q3 2014] Digital Entertainment

EUR

67.3m +26%

Adjacent

EUR

15.4m

5%

Ventures & Commerce

EUR

125.2m +40%

1 2 3 4

Digital & Adjacent

| Page 54

SLIDE 55

We have leading market positions across all our D&A pillars

1) Studio71 is #1 MCN in Germany, together with CDS top 5 globally. 2) Yieldlab is #1 Premium SSP in DACH. 3) SVoD market Germany, according to Forsa. 4) Mobile and PC games publishers in Europe, excluding direct publishing by developers, P7S1 estimates. 5) Etraveli and Vitafy signed with envisaged closing in Q4; Vitafy is a minority investment only | Page 55 Market position

PayVoD Games AdVoD Travel vertical New verticals Ventures Adjacent Digital Entertainment Ventures & Commerce Music, Artist Mgmt., Live, Licensing

#4 #1

Top

5

#2

Top

5

#1 #1 #2 #1

Beauty & Accessories

#1 #1 #1

Online Comparison Other assets

Top

5

Top

33)

Top

34)

#1

Top

3

#2 #1 #11)

Leading German VC investor

#1

(M4R/E)

60.2% 32.4% 7.4%

Q3 2015 revenue split

A B C

#12)

1 2 3 4

Digital & Adjacent

Top

5

Video innovation hub

New5) #1 #1 New5)

SLIDE 56

In Ventures & Commerce, we continue to develop our portfolio

A

1 2 3 4

Digital & Adjacent

Expansion in online comparison Strong operations in Beauty & Accessories Acquisition of Etraveli for our Travel vertical Convergence of video & commerce

Switzerland

SLIDE 57

In Travel, we acquired the leading Nordics online travel agency

1) P7S1 stake. 2) FY 2014 figures. Note: Signed with envisaged closing in Q4.

A

1 2 3 4

Digital & Adjacent

100%1)

40

countries

1.6m

trips per year

~1bn

EUR gross bookings2)

~70m

EUR revenues2)

What Etraveli is Etraveli is a leading online travel agency for flights in the Nordics with 12 brands in 40 countries Services include airline ticketing and hotel bookings

SLIDE 58

Etraveli closes the blank spot ‘flights’ in our 7Travel value chain

1 2 3 4

Digital & Adjacent

A

Why we acquired We complement our online travel vertical and close the blank spot “flight search” in our customer journey Etraveli enables a profitable, low risk internationalization of Travel based

n a cost efficient platform strategy

Build new brand for Etraveli meta business in Germany leveraging TV

Inspiration Search Booking In Destination

NEW

Customer journey

SLIDE 59

In Beauty & Accessories, our vertical approach drives operations

1) Revenue growth of Amorelie, Flaconi & Valmano Q3 2015 (consolidated) vs. Q3 2014 (not consolidated).

A

1 2 3 4

Digital & Adjacent

Sustainable business models led by strong teams 7Commerce Playbook to optimize business TV power to drive traffic

+ +

Playbook

Q3 development supported by inter-cluster synergies

Q3 2015 vs. Q3 2014 Total visits Cost per visit +72%

45%

More traffic at less cost

Q3 2015 vs. Q3 2014

30%

Selection (June) Cost per

rder

+15%

Lower cost and better selection Joint forces for growth

+178%

Vertical revenue growth1)

Example

SLIDE 60

We further developed our Online Comparison vertical

New launches Online Comparison Portals

#1 #1 #1

Top

5

Switzerland

NEW

Online car tire price comparison portal

NEW

A

1 2 3 4

Digital & Adjacent

NEW

Home entertainment offering by preis24.de

SLIDE 61

We explore the convergence of commerce & video with 7NXT

1) Minority investment; signed with envisaged closing in Q4 Yoga, meditation, nutrition

Our portfolio of online courses

Bodyweight, cross-fit, HIT Box like a world champion Complete body transformation

Video content: Online coaching courses Commerce model: Subscription- based access Sales platform: Enrichment with physical goods around health

1 2 3 4

Digital & Adjacent

2nd largest e-retailer for sports

& lifestyle nutrition in Germany

Dedicated private labels for

7NXT eco-system

+

Example: Health & Wellbeing

A

New1)

SLIDE 62

In Digital Entertainment, we have seen great achievements

B

Maxdome with strong growth in all dimensions New ad tech profit center Market leading in Premium Video Building knowledge in video innovation #1

1 2 3 4

Digital & Adjacent

#1 MCN in Germany #1

SLIDE 63

… to be further boosted in the future Solid Q3 growth in premium video ad market … +34%

ProSiebenSat.1

#1

in premium video ad market1)

Nielsen in-stream video ad market1)

Ongoing increase of video ads on smartphones and tablets Continued shift from classic display to video ads Growth of programmatic buying for online video 91 122 Q3 2014 Q3 2015

We maintain the #1 position in a growth market …

1) Source: Nielsen Media Research; German gross instream video ad market without Google / YouTube, Amazon, Facebook, longtail ad networks (Smartclip, etc.)

B

1 2 3 4

Digital & Adjacent

SLIDE 64

… while we are further growing our total video views

1) Video Views of P7S1 AdVoD platforms and mandates; source: P7S1 tracking. 2) Pro-forma YTD figures

P7S1 total video views Germany1)

[in bn]

2.9

9M 2014

+43%

9M 2015

4.1

Mandate Mandate Mandate

+15bn

Collective Digital Studio2)

B

1 2 3 4

Digital & Adjacent

SLIDE 65

ComScore MCN Ranking, Q3 2015 per month1)

Studio 71 maintained number one position in Germany

1) Source: ComScore YouTube Partners Report, Q3 2015, Ø per month, German Video Views in m, desktop only.

B

1 2 3 4

Digital & Adjacent

1,300

Channels

>2.5bn

Monthly VV

>300m

Subscribers

No.1 position in Germany …

Studio 71 QuizGroup Maker TubeOne Mediakraft

… with major global footprint

SLIDE 66

We push our ad tech solutions business as new profit center

1) Yieldlab subsidiary of Virtual Minds 2) ADEX is a minority investment of Virtual Minds

B

1 2 3 4

Digital & Adjacent

Our new ad tech solutions holding allows us to further drive synergies, European roll-out and new investments

Secure position in growing

lower price video audience segment

#1 German multi-screen video

ad exchange Smartstream.TV

Own comprehensive digital ad

tech stack for programmatic advertising

#1 German premium display

SSP with Yieldlab1) Virtual Minds Why? What?

>30m

Unique users

2)

SLIDE 67

We build up key knowledge in arising video innovation

B

Next generation video live streaming platform targeting professional content creators Live video multi-stream between content creators & audience (strong engagement) Creating new revenue streams: tipping, subscriptions and creator tools Production and distribution of cinematic virtual reality content Cutting-edge technology & software for capturing and editing Creating basis for next major content platform We invest in the future of video live streaming We invest in the future of virtual reality

Minority invest

1 2 3 4

Digital & Adjacent

Minority invest

Video live streaming Virtual Reality

SLIDE 68

maxdome has grown strongly in all dimensions

1) End of period Q3 2015 vs. PY. 2) Q3 2015 vs. PY. 3) Ø of period Q3 2015 vs. PY.

Total video views2) Total user base3)

+35%

B

SVoD subscribers1)

1 2 3 4

Digital & Adjacent

+65% +95%

SLIDE 69

maxdome secured landmark deals with traditional distributors

1) Additional potential upside through recent Tele Columbus acquisitions of primacom (+1.1m households) and pepcom (+0.8m)

All-in-one Set-Top-Box solution for linear TV & leading SVoD service maxdome exclusive and fully integrated SVoD service All-in-one Set-Top-Box solution for linear TV & leading SVoD service maxdome exclusive and fully integrated SVoD service

7.1m

potential households

1.7m

potential households

1)

B

1 2 3 4

Digital & Adjacent

SLIDE 70

In our Adjacent business, we expand our digital & sports footprint

C

1 2 3 4

Digital & Adjacent

New sports ecosystem Expanded digital footprint of Starwatch

SLIDE 71

We expand the digital footprint of Starwatch with myticket.de

C

1 2 3 4

Digital & Adjacent

Ticketing subsidiary of #2 live entertainment company in Germany Extend digital footprint of Starwatch with focus on live entertainment in growing online ticketing market

20%

P7S1 stake

What? Why?

SLIDE 72

We complement our sports ecosystem with digital platforms

Note: Sportdeutschland is a majority investment, Eversport and 90min are minority investments, and Ultimate Fighting Championship (UFC) are acquired rights

C

1 2 3 4

Digital & Adjacent

Sports management, events and ticketing We leverage synergies with our commerce assets around sports, e.g. Digital Video platforms/products TV/Rights

+ +

SLIDE 73

Digital & Adjacent – outlook

Deliver double-digit revenue growth in FY 2015 Build new digital verticals Further internationalize with innovative imports and exports

1 2 3

1 2 3 4

Digital & Adjacent

SLIDE 74

| Page 74 | October 29, 2015 |

October 29, 2015 Thomas Ebeling Chief Executive Officer

Content Production & Global Sales

SLIDE 75

Continued growth in revenues and rec. EBITDA

Ext. revenues
Rec. EBITDA

97.8

9M 2014

174.1

9M 2015

10.1 1.0

9M 2014 9M 2015

+78%

[in EURm] [in EURm]

1 2 3 4

Content Production & Global Sales

>+100%

SLIDE 76

New US digital hub to drive RA's global digital reach

1 2 3 4

Content Production & Global Sales

Create attractive digital content verticals within Red Arrow Build digital production competence and take globally identified next-gen talent into markets like the US



Run by leading industry executives Gayle Gilman and Jason Ziemianski, L.A. based digital content production hub Ripple Entertainment will:

Capture synergies / best practices between Red Arrow, Studio71 and CDS

 

SLIDE 77

Recent investments in English-language IP

New high- stakes genre drama for ABC Australia and SundanceTV US

1 2 3 4

Content Production & Global Sales

Major new weight loss reality format for US network ABC New scripted comedy series starring real-life TV personality Donny Deutsch US producer Half Yard leverage rights- friendly UK market

SLIDE 78

| Page 78 | October 29, 2015 |

October 29, 2015 Thomas Ebeling Chief Executive Officer

Q3 2015

Summary & Outlook

SLIDE 79

We raise our positive full-year guidance

Continuing operations.

Recurring EBITDA and underlying net income above prior year

✔

Ad performance at least in line with positive net TV ad market

✔

Digital & Adjacent with double-digit revenue growth

✔

Low double-digit Group revenue growth

✔

1 2 3 4

Summary & Outlook

SLIDE 80

Disclaimer

This presentation contains "forward-looking statements" regarding ProSiebenSat.1 Media SE ("ProSiebenSat.1")

r ProSiebenSat.1 Group, including opinions, estimates and projections regarding ProSiebenSat.1's or

ProSiebenSat.1 Group's financial position, business strategy, plans and objectives of management and future

perations. Such forward-looking statements involve known and unknown risks, uncertainties and other important

factors that could cause the actual results, performance or achievements of ProSiebenSat.1 or ProSiebenSat.1 Group to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements speak only as of the date of this presentation and are based on numerous assumptions which may or may not prove to be correct. No representation or warranty, expressed or implied, is made by ProSiebenSat.1 with respect to the fairness, completeness, correctness, reasonableness or accuracy of any information and opinions contained herein. The information in this presentation is subject to change without notice, it may be incomplete or condensed, and it may not contain all material information concerning ProSiebenSat.1 or ProSiebenSat.1 Group. ProSiebenSat.1 undertakes no obligation to publicly update or revise any forward-looking statements or other information stated herein, whether as a result of new information, future events or otherwise.

SLIDE 81

| Page 81 | October 29, 2015 |